César Pérez Ruiz, Chief Investments Officer Pictet Wealth Management. The week in review Situational Awareness, an artificial intelligence (AI)-focused hedge fund, sold the bulk of its public stock to rival Citadel after being hit by heavy losses as AI momentum in markets unwound. The forced sale…

Allianz Global Investors (AllianzGI) has entered into an agreement to acquire UOB Asset Management (UOBAM), the asset management arm of Singapore-based UOB Group. Both parties announced the deal on 5 August. Valued at SGD 555 million (around €376 million), the transaction significantly strengthens AllianzGI's presence…

Christopher Seilern, Senior Equity Analyst, Pictet Wealth Management. The US’s longstanding leadership in technological innovation is being challenged. Not only is China already at the vanguard in everything to do with electrification and clean energy, it’s also making giant strides in catching up with the…

Deal creates the fifth-largest professional services, tax and advisory provider in the U.S. Grant Thornton Advisors LLC, together with its affiliates ("Grant Thornton Advisors"), New Mountain Capital and CBIZ, Inc. (NYSE: CBZ) ("CBIZ") announced a definitive agreement under which Grant Thornton Advisors will acquire CBIZ…

César Pérez Ruiz, Chief Investments Officer Pictet Wealth Management. The week in review Yemen's Houthi militia widened the Middle East conflict by declaring a maritime blockade on Saudi Arabia and attacking tankers in the Red Sea. The escalation complicates President Donald Trump's effort to reopen the Strait of…

César Pérez Ruiz, Chief Investments Officer Pictet Wealth Management. The week in review Semiconductor shares stumbled last week as investors reassessed the durability of the artificial intelligence (AI) boom. This marks the biggest correction in the momentum trade in five years. TSMC dropped more than 7% due…

Uriel Saragusti, Head of Credit Division, LFDE. Driven by rapid internationalisation and robust issuance volumes, the corporate hybrid debt market is moving up to a new level. Its momentum continues unabated. Changes in rating agency criteria have encouraged the entry of new global issuers, positioning…